Dada Nexus Ltd ADR (NASDAQ:DADA) price on current trading day, rose 1.44% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.41.
A look at the stock’s price movement, the level at last check in today’s session was $1.39, moving within a range at $1.39 and $1.46. The beta value (5-Year monthly) was 1.385. Turning to its 52-week performance, $3.67 and $1.04 were the 52-week high and 52-week low respectively. Overall, DADA moved -16.07% over the past month.
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Dada Nexus Ltd ADR’s market cap currently stands at around $372.35 million, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 2.39B for the company’s revenue for the quarter, with a low and high estimate of 2.3B and 2.5B respectively. The average forecast suggests down to a -13.05% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 9.68B, representing a -7.88% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that DADA is a 100% Sell. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 1 recommend DADA as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
DADA’s current price about -2.54% and -15.65% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 43.73, while 7-day volatility ratio is 4.98% and 5.75% in the 30-day chart. Further, Dada Nexus Ltd ADR (DADA) has a beta value of 1.32, and an average true range (ATR) of 0.10. Analysts have given the company’s stock an average 52-week price target of $2.1, forecast between a low of $2 and high of $2.2. Looking at the price targets, the low is -41.84% off recent price level in today’s trading while to achieve the yearly target high, it has to move -56.03%. Nonetheless, investors will most likely welcome a -48.94% jump to $2.1 which is the analysts’ median price.
If we refocus on Dada Nexus Ltd ADR (NASDAQ:DADA), historical trading data shows that trading volumes averaged 0.7 over the past 10 days and 1.92 million over the past 3 months. The company’s latest data on shares outstanding shows there are 264.08 million shares.
The 2.71% of Dada Nexus Ltd ADR’s shares are in the hands of company insiders while institutional holders own 7.45% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 2.18 million on 2024-10-31, giving us a short ratio of 0.78. The data shows that as of 2024-10-31 short interest in Dada Nexus Ltd ADR (DADA) stood at 183.0 of shares outstanding, with shares short falling to 2.96 million registered in 2024-09-30. Current price change has pushed the stock -57.53% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the DADA stock continues to rise going into the next quarter.
